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No. of Recommendations: 3
This was my favourite stock for writing puts for a very long time.

But that was done mostly when the stock price was in the $9-15 range.
I averaged 27%/year IRR for a few years.

At current prices, I don't think there is enough margin of safety for a firm losing money.
Things have to get a lot better before an entry price on the puts
you suggested looks like a good deal.

Better to pick something everybody loves to hate right now.
STX, CHK, SAN, even AAPL, BAC (less so than before).

Just my two cents. Maybe worth less than that.

Jim
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